pp. 1505-1518 | Article Number: iejme.2016.135
Published Online: August 26, 2016
Article Views: 198 | Article Download: 198
The aim of the work is to review the existing approaches of the economic efficiency valuation of the corporate governance in the banking sector and to develop on their basis the ways of improving the effectiveness of the corporate governance in credit organizations of the Republic of Kazakhstan. The authors describe the risk assessment method in corporate governance, methods based on the financial data analysis; present the features of two-factor and four-factor predictive models, etc. The study also found that the main aim of the corporate management in the banking sector of Kazakhstan is to increase the potential investor’s confidence to the mechanisms of attracting investments. The practical value of the article is in presenting the promising directions of the corporate governance in Kazakhstan and in suggesting ways to improve the effectiveness of the corporate governance in the banking sector of the Republic, which may be acceptable to the other transition economies.
Keywords: Globalization; management in the banking sector; market competition; improved corporate governance; the Republic of Kazakhstan
Al Masum, M., & Parker, L.D. (2013). A Diagnostic View of the Interface Between Corporate Governance and Financial Reporting Practice: Evidence from an Emerging Economy. In Seventh Asia-Pacific Interdisciplinary Research in Accounting Conference. Accounting, Auditing & Accountability Journal, 538 p. Kobe, Japan.
Altman, E.I. (1968). Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy. The Journal of Finance, 23(4), 589-609.
Bank Risks: a Tutorial. (2007). Lavrushina, O.I. & Valentseva, N.I., (eds.). CHORUS, 232 p.
Berger, A.N., Imbierowicz, B., & Rauch, C. (2016). The Roles of Corporate Governance in Bank Failures During the Recent Financial Crisis. Journal of Money, Credit and Banking, 48(4), 729-770.
Berger, A.N., Saunders, A., Scalise, J.M., & Udell, G.F. (1998). The Effects of Bank Mergers and Acquisitions on Small Business Lending. Journal of Financial Economics, 50(2), 187-229.
Beyakov, A.V. (2008). Bank Risks: Problems of Accounting, Control and Regulation (2nd edition). Management Methodical Development, 45(4). Moscow: BDC-press.
Camerer, C., & Vepsalainen, A. (1988). The ECONOMIC EFFICIENCY of CORPORATE CULTURE. Strategic Management Journal, 9(S1), 115-126.
Chang, Y.K., Chen, Y.L., Chou, R.K., & Huang, T.H. (2015). Corporate Governance, Product Market Competition and Dynamic Capital Structure. International Review of Economics & Finance, 38, 44-55.
Choybecova, A. (2007). Kazakhstan Events. Journal of Corporate Governance, 4, 13-14.
Estrin, S. (2002). Competition and Corporate Governance in Transition. The Journal of Economic Perspectives, 16(1), 101-124.
Finance, Monetary Circulation, Credit: Textbook for High Schools. (2009). Drobzina L.A., (ed.). San Francisco: Yuniti, 430 p.
Haan, J., & Vlahu, R. (2016). Corporate Governance of Banks: A Survey. Journal of Economic Surveys, 30(2), 228-277.
Janakiraman, S., & Radhakrishnan, S. (2015). Discussion of “The Effects of Corporate Governance and Product Market Competition on Analysts' Forecasts: Evidence from the Brazilian Capital Market”. The International Journal of Accounting, 50(3), 340-346.
Kalimullin, A.M., Youngblood, V.T., & Khodyreva, E.A. (2016). The System of Management of Innovation Projects at a Higher Education. International Journal of Environmental & Science Education, 11(5).
Kashyk, L.I. (2009). The Corporate Governance in the Republic of Kazakhstan: Problems and Perspectives. Journal of Innovative University of Eurasia, (2), 34 p.
Kazbekov, B.K., Stojanović, B., Yermekbayeva, B., & Kazbekova, Z. (2016). «Washington Consensus»–Financial Model of Market Reforms in Kazakhstan. Eurasian Journal of Social Sciences and Humanities, 1(2), 3-8.
Krinichansky, K.V. (2007). M&A Market as the Environment of the Functions Stimulating Implementation of Entrepreneurs and Managers. Management in Russia and Abroad, (3), 43-56.
Lebedev, S., Peng, M.W., Xie, E., & Stevens, C.E. (2015). Mergers and Acquisitions in and Out of Emerging Economies. Journal of World Business, 50(4), 651-662.
Macey, J.R., & O'hara, M. (2003). The Corporate Governance of Banks. Economic Policy Review, 9(1).
Milvidov, V.D. (2007). Modern Banking. The US Experience. Moscow State University, 217 p.
OECD Principles Corporate Governance. (2004). Kazakhstan Securities Marketer, 11, 14-22.
Qian, M., & Yeung, B.Y. (2015). Bank Financing and Corporate Governance. Journal of Corporate Finance, 32, 258-270.
Raduhin ,A.D., Entov, R.M., & Mezheraups, I.V. (2003). Features of the National Model of Corporate Governance. Economics, 3(65), 29-60.
Schwert, G.W. (1996). Markup Pricing in Mergers and Acquisitions. Journal of Financial Economics, 41(2), 153-192.
Shpotov, B. (2000). The Corporate Governance in the XX Century: History and Perspectives. Problems of Theory and Practice of Management, 1, 89-94.
Taffler, R.J. (1977). Finding Those Firms in Danger Using Discriminant Analysis and Financial Ratio Data: A Comparative UK-Based Study. London: City University Business School, 52 p.
Tagiyeva, A.A., & Paruhina, V.A. (2008). Money, Credit, Banks, 341 p. Working Paper Series, 888.
Tricker, B. (2015). Corporate Governance: Principles, Policies, and Practices, 576 p. Oxford: Oxford University Press.
Yanivskaya, O.Y., & Nikifiriva, N.V. (2005). The Corporate Governance: a Textbook. Economy Journal, 319 p. The Ministry of Education and Science of the Republic of Kazakhstan, Almaty.
Yusupov, B. (2006). Corporate Governance Code in Kazakh Standards. Kazakhstan Securities Market, 17, 31-35.